Industry NewsTechnology

ZipRealty to go IPO

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ZipRealty, a technology-oriented real estate brokerage in Emeryville, Calif., announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. All of the shares will be issued and sold by the company. The IPO could raise as much as $69 million. UBS Securities and Deutsche Bank Securities will serve as the joint book-running managers. Thomas Weisel Partners and Pacific Growth Equities will serve as co-managing underwriters for the proposed offering A copy of the prospectus relating to these securities may be obtained, when available, from UBS Securities or Deutsche Bank Securities, both in New York City. ZipRealty is a full-service residential real estate brokerage firm that uses the Internet, proprietary technology and efficient business processes in its business. The brokerage has operations in Atlanta, Baltimore/Washington D.C., Boston, Chicago, Dallas, Los Angeles, Orange County, Phoe...